Real Estate Math
A Colorado homeowner's property tax increased from $3,800 to $4,100. What is the percentage increase in property taxes?
A6.9%
B7.1%
C7.9%✓ Correct
D8.3%
Explanation
Percentage increase = ($4,100 − $3,800) / $3,800 × 100 = $300 / $3,800 × 100 = 7.89%, approximately 7.9%.
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